The indicator predict the future candles direction, by scanning past candle movement.
Based on the principal: “ The history repeat itself”. Programmed according to Kendall Correlation.
In the settings menu, different scanning options are available.
· Indicator drawing period: You can choose how many candles back you like the indicator draw patterns what find in the past, this way you can examine the validity of the settings you choose.
· Test candles to Calculation: Number of candles to scan, to find a similar pattern to the actual last set of candle Pattern length.
· Draw Past Bars of the Pattern: True/False
· Candle Pattern Length: 5-100 candles. Choose the length of the pattern you looking for. The more candles you choose the less signals you might find.
· Use Trend Finder: true/false : drawing a trendline to the future candles if applicable.
· Trend Finder mode:Choose from 3 options when previous set to true.
· Uptrend Color:Up- trendline color
· Downtrend color: Down-trendline color
The following menu points will determine the signal you will receive.
You can choose the 4 standard price options: close, open, high, low
After every price you can put a number from 1-100, that would be like a % of the similarity of the chosen pattern. The recommended number here is 80 %.
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Choose to compare of the Candle Pattern open/close or high/low range similarity.
This is the similarity in the candle body sizes
Bull /Bear candles in the given pattern
· Future candle count: 5-30. How many candles to draw in the future.
· Info text:All the chosen setting can be shown on the alert candle by vertically if set true.
· Period start vertical line: when set true, there will be a vertical line on the alert candle
· Navigator panel: When set to true there will be a navigator panel on the chart, you can jump to past candle alerts with the buttons.
· Alerts: Pop up, e-mail and push notification alert
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